Gas prices will go up further

[Skippy 82]

Gadhafi has started blowing up his own oil fields.

Colonel Gaddafi's forces today blasted an oil terminal to smithereens as Libya's bloody civil war entered its blackest day.

Rebels retaliated by firing back with rockets as a fireball exploded from one of the oil tanks and the sky above the Es Sider terminal, in the east of the country, filled with hideous smoke.

A witness said one of the smoke plumes was the biggest he had seen in the conflict so far.

The fresh onslaught came as Gaddafi deployed tanks and snipers to 'shoot anything that moves'.

Forces loyal to the Libyan dictator poured into the city of Zawiyah in a desperate bid to oust the hardcore band of protesters and army defectors who have taken control.

http://www.dailymail.co.uk/news/article-1364469/Gaddafi-blows-Libyas-oil-pipes-tanks-turned-civilians.html

Plus, terrorists have hit a pipeline in Iraq.

BAGHDAD - A government spokesman says a bomb has hit Iraq's largest oil pipeline, halting exports to Turkey in an insurgent strike that could lead to millions of dollars in losses.

Oil Ministry spokesman Asim Jihad said gunmen planted the bomb on the Beiji pipeline Wednesday evening near the town of Shurqat, 155 miles (250 kilometers) northwest of Baghdad.

Jihad said the blast stopped the oil from being pumped, and the pipeline would be shut down for at least three days for repairs.

http://www.cnbc.com/id/41991561

[Chase 390]

I guess it's time to break out the bike.

[Cirt 612]

Shoot. I am about to go on Spring break. I walk everywhere on my school's campus, but like dlkjfdlksjfsdl does anyone remember how nasty everyone as like 5 years ago when gas prices were $4.00+/gallon?

[Aethix 129]

Boy, it sure would be nice if we had abundant oil resources in the US and in US coastal that we could drill for cheap oil for us to collect while forcing foreign oil companies to lower their prices in order to stay competitive. But that's just silly, because there is obviously no oil in the US.

[Grandmaster Phoenix 26]

Boy, it sure would be nice if we had abundant oil resources in the US and in US coastal that we could drill for cheap oil for us to collect while forcing foreign oil companies to lower their prices in order to stay competitive. But that's just silly, because there is obviously no oil in the US.

Yep. The entire states of Iowa and Utah are just floating islands on a sea of nothingness, and most of Alaska is too. I wonder how that works...

[Arachne 25]

LL, you make me laugh.

It's going to affect everyone, regardless of whether they have lots of oil in their country. I live in an oil rig town, and it's still 1.24$ per litre here.

[Skippy 82]

Well, Arachne, that's kinda the thing about a free market commodity, even if we drill at home, it won;t lower cost, because we trade globally. To lower costs, a country must drill locally and then keep it local, which would make OPEC throw a tantrum.

[Cirt 612]

question:

litre?

Arachne lives in Canadaland

which is not fair

[Ammonsa 308]

Yeah it's getting up to $1.50 a litre here.

[Chase 390]

1 gallon is about 4 litres (3.785).

Your gas is almost 6 dollars a gallon? That seems rather pricey. Americans would probably flip shit at that price.

[Ammonsa 308]

I guess. We aren't too happy about it either. It's normally at about $1.20

[Arachne 25]

Nothing except friends, family, having a job, etc. I like living here, but I would gladly go down to the States for a visit.